etc say you have 3+ properties which account do you get the banks to direct debit the repayments from? do you just have 1 transaction account which all direct debits come out of and maintenance, insurance or is it better to have 1 offset account made just for transaction purposes and to make loan repayments.

or do you have different accounts per property? if so which account? LOC, offset or transaction?

i'm looking to set up the best account structure for tax purposes and bookkeeping.

i don't have PPOR, but using an offset is the way to go? so all rent and expenses from all properties go in and out of the 1 offset account? i thought this would be easiest but thought i'd ask as from a tax point of view there might be a better option.

Terry_wStructuring Lawyer and Finance Broker - all statesBusiness Member

i don't have PPOR, but using an offset is the way to go? so all rent and expenses from all properties go in and out of the 1 offset account? i thought this would be easiest but thought i'd ask as from a tax point of view there might be a better option.

Cheers, Elives

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Generally where there is 1 of you would would put the offset on the loan with the highest interest rate.

Where there are 2 of you then individual marginal tax rates come into play. if you have separately owned properties consider putting all money in the offset of the loan in the lower income earner's name.

but before you do this consider the limit it places on any spousal loan strategies - you cannot borrow your own money.

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